| |
 |
| "A
wise person will listen and continue to learn, and an
understanding person will gain direction." |
Home
Loan Mortgage Basics |
What
Are My Mortgage Options? |
Why
Do You Need A Mortgage Broker? |
Equity
Didn't Go Up In Flames |
Home
Loans Bring Would-Be Homeowners Closer to Their Goal |
Whether
you are buying a home or refinancing, there are 3 basic
types of home loans |
Simple
Tools for Home Loans - Frequently Asked
Questions |
Related
to Orange County Home Loan Business Services |
Loans
& Financial Planning, Banks, Estate Planning |
Taxes,
Insurance, CPA and Accountants |
Home
Decorating, Home Organizing, Interior Decor, Interior
Painting, House Cleaning, Carpet Cleaning |
Handy
Man, Contractor, Architect, Landscaper, Electrician, HVAC,
Plumber, Roofer, Windows & Doors and More. |
Home
Inspections, Appraisers, Title Companies, Escrow, Realtors
|
Limousine
Services
|
Wines
& Champagne |
| |
Home
Loans |
Reverse
Mortgages |
Home
Equity
...Savings |
Home
Equity
...Management |
Guiding
Your
...Journey
to.
...Financial
Freedom |
|
Simple
Loan Tools
|
Choosing
the right loan |
Finding
the best mortgage |
Checklist
to get a loan |
Adjustable
rate mortgages |
Is
a home equity loan right for you? |
10
reasons to buy a home |
Your
rights as a consumer |
Reverse
Mortgage |
Negative
Mortgage Amortization |
Why
should I check my credit report regularly? |
Rates
are rising – Is it Time for a Fix? |
8
Critical Questions To Ask When Choosing A Lender
|
Making
the Most of Your Mortgage |
Reducing
Debt with a New Home Loan |
Financial
Facts and Figures |
Does
the 2% Rule Still Rule? |
How
Cash Out Refinancing Can Pay Off In A Big Way |
Anxiety-free
home buying |
Discount
Points |
| |
| Orange County Home Owner, Home
Value and Home Loan Related Products & Services |
Loans
& Financial Planning, Banks, Estate Planning
|
Insurance,
Taxes and CPA's |
Handy
Man, Contractor, Architect, Landscaper, Electrician, HVAC,
Plumber, Roofer, Windows & Doors and More. |
Home
Decorating, Home Organizing, Interior Decor, Interior
Painting, House Cleaning, Carpet Cleaning |
Home
Inspections, Appraisers, Title Companies, Escrow, Realtors
|
Limousine
Services |
Wines
& Champagne |
| .......................................... |
| Articles of Strategic Interest |
How
To Manage Your Investments In Turbulent Times -Dollar
Cost Averaging |
Personal
Budget - A Sample Form for Your Use |
How
the Affluent Manage Their Mortgage |
Roth
IRA versus Traditional IRA, What should I do? |
Get
Rich With Good Habits |
Managing
Your Home Equity to Build Wealth |
Save
More, Rich or Poor, It Doesn't Matter |
An
IRA for Your Non Working Spouse |
5
Mistakes To Avoid with your 401-K Plan |
How
a Roth IRA Can Make Your Children Wealthy |
5
Best College Savings Plans |
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Weekly
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Quarterly
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Annual
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| NAVIGATION
LINKS |
HOME |
CONTACT
US |
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| ABOUT ORANGE COUNTY |
| "In
everything give thanks...." |
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"SPECIALIZING
IN
Home Loans,
Reverse Mortgages,
Home Equity Savings, Home Equity Management for Executives,
Business Owners, and Business Professionals."
|
| |
|
Specializing
in:
Home Loans for Executives,
Home Loans for Business Owners, and
Home Loans for Business Professionals
|
| |
| Definition
of a Home Loan:
a loan secured by the borrower's home. |
|
| Definition
of a Reverse Mortgage:
a mortgage in which a homeowner, usually 62 years or older,
borrows money against the equity of the home without having
to make any payments. |
|
| Definition
of a Home Equity Management:
repositioning home equity to create a new earning asset.
|
|
| Definition
of a Home Equity Savings:
simply restructuring the payment schedule on your existing
loan, so that you don't pay as much interest thereby significantly
reducing the number of payments to be made. |
|
| Definition
of a Home Equity Line of Credit: a
revolving line of credit in which your home serves as
collateral.
|
|
| Definition
of a Home Purchase Loan: a loan
for purchasing a new or used home.
|
LINKS
HomeLoanOrangeCountyCA.com
MYBLACKJACKET.COM
HomeEquityManagementCA.com
HomeEquitySavingsCA.com
ReverseMortgagesLoansCA.com
|
|
MYBLACKJACKET.COM is a mortgage loan guide to a network
of home loan lenders for business professionals, executives and
business owners – home equity loans, home equity line of credit,
refinance mortgage, home loans, mortgage loans, home equity loan,
personal, refinance mortgage, credit cards, lenders, leases, mortgage
rates, credit score, lending tree, e-loan, Wells Fargo, Ditech
Guide to Financial Freedom
MYBLACKJACKET.COM
serves California - Orange County, San Diego, Riverside, Los Angeles,
San Beradino, Southern California areas and beyond which includes
the following counties, cities and zipcodes: Tustin 92780, 92781,
92782, El Toro 92609, 92610, 92630.
Anaheim 92801, 92802, 92803, 92804, 92805, 92806, 92807, 92808,
92809, 92812, 92814, 92815, 92816, 92817, 92825, 92850, 92899, Brea
92821, 92822, 92823, Buena Park 90620, 90621, 90622, 90623, 90624,
Costa Mesa 92626, 92627, 92628, Cypress 90630, Fountain Valley 92708,
92728, Fullerton 92831, 92832, 92833, 92834, 92835, 92836, 92837,
92838, Garden Grove 92840, 92841, 92842, 92843, 92844, 92845, 92846,
Huntington Beach 92605, 92615, 92646, 92647, 92648, 92649, La Habra
90631, 90632, 90633, La Palma 90623, Los Alamitos 90720, 90721,
Orange 92856, 92857, 92859, 92861, 92862, 92863, 92864, 92865, 92866,
92867, 92868, 92869, Placentia 92870, 92871, Santa Ana 92701, 92702,
92703, 92704, 92705, 92706, 92707, 92708, 92711, 92712, 92725, 92728,
92735, 92799, Seal Beach 90740, Stanton 90680, Tustin 92780, 92781,
92782, Villa Park 92861, 92867, Westminister 92683, 92684, 92685,
Yorba Linda 92885, 92886, 92887, Aliso Viejo 92653, 92656, 92698,
Dana Point 92624, 92629, Irvine 92602, 92603, 92604, 92606, 92612,
92614, 92616, 92618, 92619, 92620, 92623, 92650, 92697, 92709, 92710,
Laguna Beach 92607, 92637, 92651, 92652, 92653, 92654, 92656, 92677,
92698, Laguna Hills 92637, 92653, 92654, 92656, Laguna Niguel 92607,
92677, Laguna Woods 92653, 92654, Lake Forest 92609, 92630, Mission
Viejo 92675, 92690, 92691, 92692, 92694, Newport Beach 92657, 92658,
92659, 92660, 92661, 92662, 92663, Rancho Santa Margarita 92688,
San Clemente 92672, 92673, 92674, San Juan Capistrano 92675, 92690,
92691, 92692, 92693, 92694 Ladera Ranch 92694, Coto De Caza 92679
Anaheim Hills 92807, 92808, 92809, 92817 Dove Canyon 92679, South
Laguna 92651, Newport Coast 92657, Cowan Heights 92705, Oceanside,
92049, 92051, 92052, 92054, 92055, 92056, 92057, 92058, La Jolla,
92037, 92038, 92039, 92092, 92093, Carlsbad 92008, 92009, 92013,
92018, Vista 92083, 92084, 92085, Escondido 92025, 92026, 92027,
92029, 92030, 92033, 92046, San Diego, 92101, 92102, 92103, 92104,
92105, 92106, 92107, 92108, 92109, 92110, 92111, 92112, 92113, 92114,
92115, 92116, 92117, 92118, 92119, 92120, 92121, 92122, 92123, 92124,
92126, 92127, 92128, 92129, 92130, 92131, 92132, 92133, 92134, 92135,
92136, 92137, 92138, 92139, 92140, 92142, 92143, 92145, 92147, 92149,
92150, 92152, 92153, 92154, 92155, 92158, 92159, 92160, 92161, 92162,
92163, 92164, 92165, 92166, 92167, 92168, 92169, 92170, 92171, 92172,
92173, 92174, 92175, 92176, 92177, 92178, 92179, 92182, 92184, 92186,
92187, 92190, 92191, 92192, 92193, 92194, 92195, 92196, 92197, 92198,
92199, Trabuco Canyon 92678, 92679, 92688, Robinson Ranch 92679,
Diamond Bar 91765, Rowland Heights 91748, Hacienda Heights 91745,
La Habra Heights 90631, Corona 92877, 92878, 92879, 92880, 92881,
92882, 92883, Riverside 92501, 92502, 92503, 92504, 92505, 92506,
92507, 92508, 92509, 92513, 92514, 92515, 92516, 92517, 92518, 92519,
92521, 92522, Fontana 92334, 92335, 92336, 92337, San Bernardino
92401, 92402, 92403, 92404, 92405, 92406, 92407, 92408, 92410, 92411,
92412, 92413, 92414, 92415, 92418, 92420, 92423, 92424, 92427, Los
Angeles 90001, 90002, 90003, 90004, 90005, 90006, 90007, 90008,
90009, 90010, 90011, 90012, 90013, 90014, 90015, 90016, 90017, 90018,
90019, 90020, 90021, 90022, 90023, 90024, 90025, 90026, 90027, 90028,
90029, 90030, 90031, 90032, 90033, 90034, 90035, 90036, 90037, 90038,
90039, 90040, 90041, 90042, 90043, 90044, 90045, 90046, 90047, 90048,
90049, 90050, 90051, 90052, 90053, 90054, 90055, 90056, 90057, 90058,
90059, 90060, 90061, 90062, 90063, 90064, 90065, 90066, 90067, 90068,
90069, 90070, 90071, 90072, 90073, 90074, 90075, 90076, 90077, 90078,
90079, 90080, 90081, 90082, 90083, 90084, 90086, 90087, 90088, 90089,
90091, 90093, 90094, 90095, 90096, 90097, 90099, 90101, 90102, 90103,
90174, 90185, 90189, 91331, 91335, La Mirada 90637, 90638, 90639,
Santa Monica, 90401, 90402, 90403, 90404, 90405, 90406, 90407, 90408,
90409, 90410, 90411, Beverly Hills 90209, 90210, 90211, 90212, 90213,
Glendale 91201, 91202, 91203, 91204, 91205, 91206, 91207, 91208,
91209, 91210, 91214, 91221, 91222, 91224, 91225, 91226, Pasadena
91050, 91051, 91101, 91102, 91103, 91104, 91105, 91106, 91107, 91108,
91109, 91110, 91114, 91115, 91116, 91117, 91118, 91121, 91123, 91124,
91125, 91126, 91129, 91131, 91175, 91182, 91184, 91185, 91186, 91187,
91188, 91189, 91191, Burbank 91501, 91502, 91503, 91504, 91505,
91506, 91507, 91508, 91510, 91521, 91522, 91523, 91526, Long Beach
91501, 91502, 91503, 91504, 91505, 91506, 91507, 91508, 91510, 91521,
91522, 91523, 91526 Alpine Bonita Boulevard Campo Chula Vista
Descanso Dulzura Guatay Imperial Beach Jacumba Jamul La Mesa Lemon
Grove Lincoln Acres Mount Laguna National City Pine Valley Potrero
Spring Valley Tecate Bonsall Borrego Springs Cardiff by the Sea
Carlsbad Del Mar El Cajon Encinitas Escondido Fallbrook Julian La
Jolla Lakeside Oceanside Camp Pendleton Pala Palomar Mountain Pauma
Valley Poway Ramona Ranchita Rancho Santa Fe San Luis Rey San Marcos
Santa Ysabel Santee Solana Beach Vista Valley Center Warner Springs
San Diego Coronado San Ysidro, Buena Park La Palma Cypress La Habra
Stanton Los Alamitos Seal Beach Sunset Beach Surfside Irvine Huntington
Beach Laguna Niguel El Toro Foothill Ranch Capistrano Beach Corona
del Mar Costa Mesa Dana Point Lake Forest Laguna Woods East Irvine
Laguna Beach Laguna Hills Midway City Aliso Viejo Newport Coast
Newport Beach San Clemente San Juan Capistrano Silverado Trabuco
Canyon Westminster Rancho Santa Margarita Mission Viejo Ladera Ranch
Santa Ana Fountain Valley Tustin Anaheim Atwood Brea Fullerton Garden
Grove Orange Villa Park Placentia Yorba LindaAptos Ben Lomond Boulder
Creek Brookdale Capitola Davenport Felton Freedom Los Gatos Mount
Hermon Santa Cruz Scotts Valley Soquel WatsonvilleRancho Cucamonga
Chino Chino Hills Guasti Ontario Montclair Upland Earp Joshua Tree
Morongo Valley Parker Dam Pioneertown Twentynine Palms Vidal Yucca
Valley Landers Adelanto Amboy Angelus Oaks Apple Valley Baker Fort
Irwin Barstow Grand Terrace Big Bear City Big Bear Lake Bloomington
Blue Jay Bryn Mawr Cedar Glen Cedarpines Park Cima Colton Crestline
Crest Park Daggett Phelan Essex Fawnskin Fontana Ludlow Forest Falls
Hesperia Green Valley Lake Helendale Highland Hinkley Loma Linda
Lake Arrowhead Lucerne Valley Lytle Creek Mentone Needles Nipton
Newberry Springs Mountain Pass Oro Grande Patton Pinon Hills Redlands
Rialto Rimforest Running Springs Skyforest Sugarloaf Twin Peaks
Victorville Wrightwood Yermo Yucaipa San Bernardino Red Mountain
Trona Alameda Fremont Hayward Castro Valley Livermore Newark Pleasanton
Dublin San Leandro San Lorenzo Sunol Union City Oakland Emeryville
Piedmont Berkeley Albany Los Altos Mountain View Sunnyvale Palo
Alto Stanford Alviso Campbell Coyote Cupertino Gilroy Holy City
Los Gatos Milpitas Morgan Hill New Almaden Redwood Estates San Martin
Santa Clara Saratoga San Jose Mount HamiltonSacramento Carmichael
Citrus Heights Courtland Elk Grove Elverta Fair Oaks Folsom Galt
Herald Hood Isleton McClellan Mather North Highlands Orangevale
Rancho Cordova Represa Rio Linda Ryde Sloughhouse Walnut Grove Wilton
AntelopeCarpinteria Summerland Santa Barbara Goleta New Cuyama Buellton
Casmalia Guadalupe Lompoc Los Alamos Los Olivos Santa Maria Santa
Ynez Solvang San Rafael Greenbrae Kentfield Belvedere Tiburon Bolinas
Corte Madera Dillon Beach Fairfax Forest Knolls Inverness Lagunitas
Larkspur Marshall Mill Valley Novato Nicasio Olema Point Reyes Station
Ross San Anselmo San Geronimo San Quentin Sausalito Stinson Beach
Tomales WoodacreSan Luis Obispo Los Osos Arroyo Grande Atascadero
Avila Beach Cambria Cayucos Creston Grover Beach Harmony Morro Bay
Nipomo Oceano Paso Robles Pismo Beach San Miguel San Simeon Santa
Margarita Shandon Templeton Bard Brawley Calexico Calipatria El
Centro Heber Holtville Imperial Niland Ocotillo Palo Verde Seeley
Salton City Westmorland Winterhaven Mira Loma Indio Indian Wells
Palm Desert Banning Beaumont Blythe Cabazon Cathedral City Coachella
Desert Center Desert Hot Springs La Quinta Mecca North Palm Springs
Palm Springs Rancho Mirage Thermal Thousand Palms White Water Calimesa
Riverside March Air Reserve Base Lake Elsinore Aguanga Anza Hemet
Homeland Idyllwild Moreno Valley Mountain Center Murrieta Nuevo
Perris San Jacinto Menifee Sun City Temecula Wildomar Winchester
Norco Corona Newbury Park Thousand Oaks Westlake Village Oak Park
Ventura Camarillo Fillmore Moorpark Oak View Ojai Oxnard Piru Port
Hueneme Point Mugu NAWC Port Hueneme CBC Base Santa Paula Simi Valley
Brandeis Somis Los Angeles West Hollywood Bell Bell Gardens Beverly
Hills Compton Culver City Downey El Segundo Gardena Hawthorne Hermosa
Beach Huntington Park Lawndale Lynwood Malibu Manhattan Beach Maywood
Pacific Palisades Palos Verdes Peninsula Rancho Palos Verdes Redondo
Beach South Gate Topanga Venice Marina del Rey Playa del Rey Inglewood
Santa Monica Torrance Whittier La Mirada Montebello Norwalk Pico
Rivera Santa Fe Springs Artesia Cerritos Avalon Bellflower Harbor
City Lakewood Hawaiian Gardens Lomita Paramount San Pedro Wilmington
Carson Signal Hill Long Beach Altadena Arcadia Duarte La Canada
Flintridge Monrovia Montrose Mount Wilson Sierra Madre South Pasadena
Sunland Tujunga Verdugo City Pasadena San Marino Glendale La Crescenta
Agoura Hills Calabasas Canoga Park Winnetka West Hills Castaic Chatsworth
Encino Newhall Northridge Pacoima Reseda San Fernando Sylmar North
Hills Granada Hills Mission Hills Santa Clarita Canyon Country Sun
Valley Valencia Tarzana Westlake Village Woodland Hills Stevenson
Ranch Van Nuys Panorama City Sherman Oaks Burbank North Hollywood
Studio City Valley Village Universal City Toluca Lake Azusa Baldwin
Park Claremont City of Industry Covina El Monte South El Monte Glendora
La Puente Hacienda Heights Rowland Heights La Verne Monterey Park
Mount Baldy Diamond Bar Pomona Rosemead San Dimas San Gabriel Temple
City Walnut West Covina Alhambra Acton Lake Hughes Lancaster Littlerock
Llano Palmdale Pearblossom Valyermo ORANGE COUNTY CALIFORNIA, SAN
DIEGO COUNTY CALIFORNIA, SAN FRANCISCO COUNTY CALIFORNIA, RIVERSIDE
COUNTY CALIFORNIA, SACRAMENTO COUNTY CALIFORNIA, SAN BERADINO COUNTY
CALIFORNIA, LOS ANGELES COUNTY CALIFORNIA, VENTURA COUNTY CALIFORNIA,
SANTA BARBARA COUNTY CALIFORNIA, SAN LOUIS OBISBO COUNTY CALIFORNIA,
KERN COUNTY CALIFORNIA, IMPERIAL COUNTY CALIFORNIA, SANTA CRUZ COUNTY
CALIFORNIA, MONTEREY COUNTY CALIFORNIA, SANTA CLARA COUNTY CALIFORNIA,
SANOMA COUNTY CALIFORNIA, NAPA COUNTY CALIFORNIA, SAN MATEO COUNTY
CALIFORNIA., MARIN COUNTY CALIFORNIA, ALAMEDA COUNTY CALIFORNIA,
SAN JAUQUIN COUNTY CALIFORNIA
MYBLACK JACKET SPECIALIZES IN HOME LOANS FOR A: Chief Executive
Officer (CEO), Chairman of the Board, President,Chief Operating
Officer (COO), Executive Vice President, Vice Chairman, director,
Director Emeritus * Chief Accounting Officer * Chief Acquisition
Officer * Chief Administrative Officer * Chief Analytics Officer
* Chief Software Architect * Chief Benefits Officer * Chief Business
Development Officer * Chief Communications Officer * Chief Compliance
Officer * Chief Creative Officer * Chief Credit Officer * Chief
Data Officer * Chief Diversity Officer * Chief Engineering Officer
* Chief Executive Officer * Chief Financial Officer * Chief Global
Strategist * Chief Governance Officer * Chief Human Resources Officer
* Chief Information Officer * Chief Information Security Officer
* Chief Intellectual Property Officer * Chief Knowledge Officer
* Chief Learning Officer * Chief Legal Officer * Chief Marketing
Officer * Chief Medical Officer * Chief Networking Officer * Chief
Operating Officer * Chief Performance Officer * Chief Privacy Officer
* Chief Quality Officer * Chief Process Officer * Chief Risk Officer
* Chief Sales Officer * Chief Security Officer * Chief Science Officer
* Chief Strategy Officer * Chief Technical Officer * Chief Visionary
Officer * Chief Web Officer * Chairman of the Board * Director/Member
of the Board * Vice Chairman of the Board * Company Secretary *
President * Treasurer * Vice President o Executive Vice President
o Senior Vice President o Junior Vice President * General manager
* Manager * Owner * Partner # Corporate governance # Businessperson
# Agency cost # Chair (official) # Executive director # Non-executive
director # Board of directors # Managing director, Account Manager,
Marketing Executive, Lawyer, Attorney, Dentist, Surgeon, Medical
Doctor, Doctors, Marketing Manager, Marketing Director, Designer,
Engineer, Senior Marketing Manager, Account Director, Architect,
Business Development Manager, Public Relations Manager, IT Manager,
Real Estate Investor, Sales Manager, Construction, Ship Building,
Biotech, Industrial, Medical, Computer, Electronics, Robotics, Accounting,
Research, Quality Control, Food Industry, CPA, Market Research and
many more.
Some of our competitors are NOT: Wells Fargo, E-Loan, Lending
Tree, DiTech, Bank of America, Citibank, Countrywide, Quicken Loans,
National Mortgage, CountryWide Finanacial, Get Smart, Capital One,
Gmac Mortgage, Home Financing of America, Mortgage Rates Experts,
Real Estate Yahoo Loans, DiTech Mortgage Company, BD Nationwide
Mortgage, Chase Home Equity Loans, First Interstate Bank Loans,
Ace Mortgage Funding, Loan Busters, Mortgage Lenders Plus, Calibex,
Modernlend, My Lender Store, Nextag Mortgages, Countrywide Bank,
FSB and Countrywide Home Loans, Inc. are Equal Housing Lenders.
Countrywide Financial Corp. Countrywide Home Loans, Inc., 4500 Park
Granada, Calabasas, CA 91302: Licensed by the Department of Corporations
under the California Residential Mortgage Lending Act
|
|
|
DESIGNER
HOME LOANS
in Orange
County
|
MyBLACKJACKET.COM
is a designer of home loans located in Orange
County California. We speicalize in South
Orange County in the cities of Rancho Santa
Margarita, Ladera Ranch, Mission Viejo,
San Juan Capistrano, Lake Forest, Coto De
Caza, Dove Canyon, El Toro, Portola Hills,
Foothill Ranch, Laguna Beach, Aliso Viejo,
Laguna Hills, Laguna Niguel, Laguna Woods,
Dana Point, and San Clemente. We have locations
in Anaheim Hills, Newport Beach, Lake Forest
and Ladera Ranch.
We create and design home
loans that
fit your life style! Some of
our best customers are business professionals,
business owners, executives and seniors
because their loans needs are complex. This
is why home loan design is such an incredible
tool in your financial portfolio. It can
become a guide to financial freedom. For
more information about designer home loans
call us today at (949)
481-9026.
Our
primary goal with this page is to provide
you with some of the information needed
to make an informed
decision about the financing
of your home. We work specifically with
Business Professionals, Business Ownersm,
Executives and Seniors to find them the
home loan that works for their home and
optimizes their cash flow, retirement, tax
and other financial strategies. We specialize
in home loans, home equity loans, debt consolidation,
mortgage refinance, new home purchase loans,
equity lines of credit for business owners,
business professionals, executives and seniors.
There
are dozens of loan types and hundreds of
loan programs available through thousands
of mortgage brokers, bankers, lenders, finance
companies, credit unions, even stock brokerage
firms. Contrary to popular belief, finding
a mortgage doesn't begin with an application.
Education is a better first choice.
First
and foremost, you must determine how your
mortgage payment will fit your current budget
and, to some extent, your future obligations
15 to 30 years down the road. If you discover
too late that you can't afford your mortgage,
you'll not only face the possibility of
losing the roof over your head, but you
could also damage your ability to purchase
a home later.
If you can afford to buy a home, you must
then determine how much mortgage you can
afford. Lenders are apt to put your loan
application in the best light and qualify
you for as much as they are willing to lend,
which can be more than you can afford. It's
up to you to take stock of your income and
expenses, both current and projected, to
determine what you can comfortably manage
each month. Along with your mortgage payment,
don't forget related insurance, taxes, homeowner
association dues and any other costs rolled
into the mortgage payment. If our way of
doing business makes sense to you, call
us at (949) 481-9026 Today!
Home
Loan Mortgage Basics
Likely the largest debt you'll ever take
on, a mortgage is a loan to finance the
purchase of your home, or to refinance it.
Your
home is collateral for your mortgage loan,
which is also a legal contract you sign
to promise that you'll pay the debt, with
interest and other costs, typically over
15 to 30 years.
If you don't pay the debt, the lender has
the right to take back the property and
sell it to cover the debt. To repay the
debt, you make monthly installments or payments
that typically include the principal, interest,
taxes and insurance, together known as PIT
or refinance.
Principal
-- The principal is simply the sum of money
you borrowed to buy your home.
Interest -- Usually expressed as
a percentage called the interest rate, interest
is what the lender charges you to use the
money you borrowed.
The
lender can also charge you points, and additional
loan costs. Each point is one percent of
the financed amount and is financed along
with the principal. Principal
and interest comprise the bulk of your monthly
payments, which reduces your debt over a
fixed period of time. With an Amortizing
loan your monthly payments are largely interest
during the early years.
In addition to your principal and interest,
your mortgage payment can include money
that's deposited in an escrow or trust account
to pay certain taxes and insurance.
Generally,
if your down payment is less than 20 percent,
your lender considers your loan riskier
than those with larger down payments. To
offset that risk, the lender may charge
a higher interest rate or have you pay more
mortgage insurance.
Taxes
-- The taxes are property taxes your community
levies based on a percentage of the value
of your home. The tax is generally used
to help finance the cost of running your
community, say to build schools, roads,
infrastructure and other needs. You must
pay property taxes even if you don't need
an escrow account and even after your mortgage
is paid off.
What
Are My Mortgage Options?
The two most common types of mortgages are
fixed-rate mortgages and adjustable-rate
mortgages, known as ARMs.
A
fixed-rated mortgage comes with an interest
rate that remains the same for the life
of the loan.
The life or term of a mortgage is 30 years
by industry standards, but 20 and 40-year
term loans are also available.
Shorter
term loans come with cheaper interest rates.
A 15-year mortgage's interest rate is typically
one-quarter to one-half percent lower than
a 30-year mortgage. Both the cheaper rate
and the shorter term mean you'll also pay
less over the life of the loan than you
would if you borrowed the same amount of
money with a long term loan.
Monthly payments of a shorter term loan,
however, are generally higher than the same
loan for a long term because the larger
payments of
the
short term loan are necessary to repay the
debt sooner.
A long term loan with smaller monthly payments
can be easier to budget, but if you have
a stable salary that allows you to afford
the larger monthly outlay, the shorter term
loan could be to your advantage.
Whatever
term you choose, fixed rate mortgages protect
you from the risk of rising interest rates.
Of course, since you are locked in to a
given rate, you could end up with a rate
higher than the going rate should rates
fall.
The
second major category of mortgages are Arms
They come with interest rates that adjust
up or down, depending upon current economic
trends.
An ARM's rate is based on a money market
index. The one-year U.S. Treasury bill is
commonly used because its yield is similar
to the 30-year US Treasury bill used to
set rates on 30-year fixed mortgages. Arms
might also be tied to other indexes, including
certificates of deposit (CDs) or the London
Inter-Bank Offer Rate (LIBOR) rates, among
other regularly published indexes.
To
come up with the ARM rate, the lender will
add a "margin," usually two to four percentage
points, to the index.
Initially,
the ARM rate is lower than the fixed rate,
from about a quarter point to two points
or more, depending upon the economy. When
the first adjustment occurs (from six months
to many years) and how often the rate adjusts,
depends upon the terms of the loan. After
the first adjustment occurs, subsequent
adjustments can occur every six months,
once a year, or during larger periods. The
adjustment period is disclosed in the loan.
Arm's generally have limits or "caps" on
how high it can adjust during each adjustment
period as well as over the life of the loan.
The
caps protect you from drastic market changes,
but ARMS don't offer the stability of a
fixed rate loan.
Arms
lower initial rate, however, can help you
qualify for a larger loan or start you off
with smaller payments than you'd have to
pay for the same mortgage with a higher
fixed rate. And if index rates fall with
an ARM, of course, so does your monthly
mortgage.
Arms
could also be a good choice for someone
who knows his or her income will rise and
at least keep pace with the loan rate's
periodic adjustment cap. If you plan to
move in a few years and are not concerned
about the possibility of a higher rate,
an ARM also could be a good choice.
Why
Do You Need a Mortgage Broker?
In today's volatile market for home loans,
a mortgage broker is your guide to the
lender that fits your specific needs. As
underwriting standards change, loan programs
change and with each lender having a unique
personality on how they make loans, your
mortgage broker is the one that matches
your needs with the most appropriate lender.
By calling a lender directly, they are trained
to sell you their products. Since mortgage
brokers are the wholesale distributors for
many lenders our job is not to sell a specific
lender's product but to find a lender
that meets your needs. A Wells Fargo
loan officer will not introduce you to a
Chase Home Loan product if that is a better
fit for you because they don't work for
Chase. Brokers are the wholesale distributors
of money who work for the borrower not the
lender. Because mortgage brokers get their
money on a wholesale basis it's not going
to cost you more than going directly and
in fact you may save thousands of dollars
over the life of your loan because you're
in a more appropriate loan. Because Mortgage
Brokers are independently owned businesses,
your repeat business is their primary goal.
Satisfied clients are the goal of your professional
mortgage consultant, it's their business
to do the right thing.
MYBLACKJACKET.COM
through its affiliate,
First Equitable Financial is a wholesale
distributor for the top mortgage lenders
in the country: Countrywide, Wells Fargo,
Wamu and National City Mortgage. With regional
lenders such as Downey , PFF Bank & Trust,
PaulFinancial & B.F. Saul (Chevy Chase Bank)
we have a terrific portfolio of well established
lenders for our clients. In addition, there
are boutique lenders we are approved with
that aren't household names that might have
a niche product that will benefit our clients.
Having a presence for over 25 years allows
us to be approved with them and also to
get approved with the boutique lenders when
there is a need.
Please
find below just a few of the lenders we
broker and their local locations:
National
City Mortgage
17581 Irvine Blvd., Suite 206 Tustin,
CA 92780
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Washington
Mutual
17877 Von Karman Ave., Suite 100 Irvine,
CA 92614
|
Washington
Mutual
25692 Crown Valley Parkway
Ladera Ranch,
CA 92694
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Wachovia (formerly World Savings)
6280 Manchester Blvd. Buena Park, CA
90621 |
Wells Fargo 4 Executive Circle, Suite
250 Irvine, CA 92617 |
Downey Savings
27529 Puerta Real Mission Viejo, CA
92691 |
Downey Savings
26901 Aliso Creek Road Aliso Viejo,
CA 92656 |
Downey
Savings
3200 Bristol Street Costa Mesa, CA 92626
|
Downey
Savings
33621 Del Obispo Street, Suite A Dana
Point, CA 92629 |
Downey Savings
13070 Yale Avenue Irvine, CA 92620 |
Downey Savings
24340 El Toro Road Laguna Hills, CA
92677 |
Downey Savings
25972 Muirlands Blvd. Mission Viejo,
CA 92691 |
Chase
28202 Cabot Road, Suite 610 Laguna Niguel,
CA 92677 |
Chase
721 E. Imperial Highway Brea, CA 92821 |
Chase
3111 North Tustin Avenue, Suite 100
Orange, CA 92875 |
PFF
Bank & Trust 9467 Milliken Avenue Rancho
Cucamonga, CA 91730 |
PFF
Bank & Trust
17851 17th Street Tustin, CA 92780
|
PFF
Bank & Trust
19750 Yorba Linda Blvd. Yorba Linda,
CA 92886 |
Interbay
Funding
1301 Virginia Drive, Suite 403 Fort
Washington, PA 19034 |
P.F.Saul,
a division of Chevy Chase Bank |
Countrywide
Mortgage http://my.
countrywide.com/ |
Downey
Savings
21781 Lake Forest Drive Lake Forest,
CA 92630 |
Chase
4400 MacArthur Blvd., Suite 950 Newport
Beach, CA 92660 |
Loan
Link
26800 Aliso Viejo Parkway, Suite 100
Aliso Viejo, CA 92656 |
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MYBLACKJACKET.COM
TODAY!
--->
(949)
481-9026 |

PRESS
RELEASE October 29, 2007
EQUITY DIDN'T GO UP IN
FLAMES!
This
last week we suffered some devastating
loses in Southern California because of
the wildfires. Just think if you had an
86 year-old loved one, retired, living
alone, in bad health whose sole asset
was his home and he was told to evacuate
to a nursing home for his safety.
Also imagine that in order to enjoy what
years he had left to live, that his home
was his only asset, what a terrible tragedy
it would be if he lost his home to fire
or the ability to tap his equity for an
emergency loan.
This
was the scenario that happened last week
to one of our senior clients in Vista,
California. Because we had just completed
the process of obtaining a Reverse Mortgage
for this client and it had funded on Tuesday,
October 23rd, this client had the bulk
of his equity in the form of cash in the
bank instead of tied up in his home. With
medical bills to be paid, caregivers to
be paid, how fortunate we were to have
planned this financial transaction ahead
of an emergency.
It
is extremely difficult on our seniors
when they don't have any living children
or a spouse to help them with these kinds
of decisions, but together with his caregivers,
we were able to put together a plan months
ago to convert his equity into cash for
medical care expenses and emergencies.
When we started this process, a fire was
the furthest thing on our mind, but his
financial well being had to be managed
just in case some extraordinary event
did happen and it did.
He
didn't loose his home to the fire, he
was able to return home from the nursing
home but now he has the financial security
he deserves after years of hard work.
We at MyBlackJacket.com are proud that
the trust was there to let us help him
through this potential tragedy. Right
now, lenders are not funding loans until
they can verify that their Collateral
is still there, but this client needed
funds for his current health care needs
and can't afford to have his finances
tied up because of a fire.
MyBLACKJACKET.COM
based in Orange County and owner, Ernie
Casarez of Ladera Ranch are in the business
of helping clients diversify their finances,
including their home equity to make sure
there is a safety net for emergencies.

Home Loans Bring Would-be Homeowners Closer
to their Goal
(
Forbes.com quick notes on Home Loans )
If
you’re looking to buy a house, it’s unlikely
that, in today’s economy, you’ll be able
to pay in full up front. That’s why
home loans exist – to aid aspiring
homeowners in acquiring and financing
the homes they’ve dreamed of – without
bankrupting them in the process. Home
loans can be acquired through banks and
home loan companies. Either route you
take, you’re entitled to personal service
by a representative who will review your
finances, credit report, and help you
decide which is the best home loan solution
for your needs. In order to gather all
the information they need, the bank or
loan company will re-appraise the market
value of your house to determine the proper
loan amount. You will then work together
to go over the different loan options
available and determine which is best
for your personal situation.
Different
Home Loans for Different Folks
There
are two main types of home loans,
each with its own advantages. Fixed-rate
loans divide the amount to be repaid over
a set number of years. “Fixed rate” means
that no matter how the interest rate fluctuates
over the years, the amount of payment
will remain the same. If the interest
rate dips, your mortgage consultant will
help you refinance to take advantage of
the lower rate. In contrast, adjustable
rate mortgages (Arms) are dependent on
the fluctuation of the interest rate over
time. When the rate is low, payments are
low, but when interest rates are high,
the payment increases also. Arms are slightly
easier to qualify for than fixed-rate
loans, but they also carry more risks.
When
you are choosing a home loans company,
take into consideration the additional
“home loan origination fee” (usually 1%
of the total amount borrow, so if you
borrow $100,000, the fee is $100), as
well as closing, settlement and appraisal
fees. Most companies will allow you to
“roll” these fees into your home loan,
an excellent option that allows you to
pay them over time if you don’t have the
funds to pay up front. When you’re ready
to move forward with a home loan, or if
you’d just like to start exploring your
options, call MYBLACKJACKET.COM at
(949) 481-9026
to help you design your own loan
and explain which home loans might be
best for you.

(From:
Credit Demystified )
Whether
you are buying a home or refinancing,
there are 3 basic types of home loans,
they are:
- Fixed
Rate Mortgages
- Adjustable
Rate Mortgages
- Combination
Rate Mortgages
Each
has different reasons why you might choose
them, read on for more information about
home loans.
Fixed
rate mortgages usually have terms lasting
15 or 30 years. Throughout those years,
the interest rate and monthly payments
remain the same. Fixed rate mortgages
typically have interest rates that are
initially higher than adjustable rate
loans. The higher rate means you’ll
make higher monthly payments. It may also
mean you will need to make a bigger down
payment in order to be approved for a
fixed rate loan.
Fixed
Rate Mortgage Mysteries Revealed
Fixed
rate mortgages usually have terms lasting
15 or 30 years. Throughout those years,
the interest rate and monthly payments
remain the same. Fixed rate mortgages
typically have interest rates that are
initially higher than adjustable rate
loans. The higher rate means you’ll make
higher monthly payments. It may also mean
you will need to make a bigger down payment
in order to be approved for a fixed rate
loan.
Experts
say that if you plan to live in your home
for more than 5 years, a fixed rate loan
is a very good idea. They reason that
if interest rates rise, the monthly payment
on a fixed rate loan becomes lower than
the payment on an adjustable rate loan.
But
what if interest rates are lower in a
few years? Like any mortgage, you may
be able to refinance your fixed rate loan
during times when interest rates drop.
Be aware, however, your ability to refinance
does depend on:
- The
amount of equity you have in your
home
- The
property’s market value
- Your
finances at the time
Reasons
to Consider a Fixed Rate Mortgage:
- If
you plan to live in the home more
than 5 years
- If
you like the stability of a fixed
principal/interest payment
- If
you don’t want to run the risk of
future monthly payment increases
- If
you think your income and spending
will stay the same
Adjustable
Rate Mortgage
Adjustable
Rate Mortgages (often called Arms) typically
last for 15 or 30 years. But during those
years, the interest rate on the loan may
go up or down. Monthly payments can therefore
increase or decrease.
Adjustable
Rate Mortgages Defined
Adjustable
Rate Mortgages (often called Arms) typically
last for 15 or 30 years. But during those
years, the interest rate on the loan may
go up or down. Monthly payments can therefore
increase or decrease.
With
an ARM comes several benefits that make
your mortgage more affordable. The initial
interest rate on these loans is typically
lower than a fixed rate mortgage. That
means monthly payments are also lower.
The
lower monthly payments make it easier
to get approved for an ARM. And, typically
you can borrower higher amounts. This
may be good news if you are:
- Buying
a home for the first time
- Moving
up to a more expensive home
- Refinancing
- Looking
for a way to consolidate debt
- Planning
on making an investment for which
you need cash now
However,
the lower rates and lower payments can
change. Each ARM includes an agreement
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